Created by HashCoins company
Hashflare is a new breakthrough cryptocurrency cloud-mining service
Read 100% Free Hashflare Review by Scamorno Team
FULL REVIEW OF Hashflare
We decided to open a test account on Hashflare on 20th Dec 2017, and invested $50.60 to purchase hashing power of 0.23 TH/s.
*Please note – We’re not financial advisors, services mentioned in this article use at your own risk and remember that your capital is at risk, you could lose some or all of your money.*
We’ve started already upgrading our initial 0.23 Hashrate to 0.26 TH/s thanks to the one referral signup we got last week. As of right now, the minimum price of an upgrade for Bitcoin cloud mining on Hashflare is 0.1 TH/s for $2.20
For the past 5 days, the average payouts every day has been $0.48 – $0.53 Each new upgrade (additional investment) creates a new contract (currently for a one year).
So Did Hashflare Cloud Mining Work For Us?
Right now we’re in the accumulation phase of hash power, looking to grow it by 9TH/s by the end of 2018. This will be done through re-investing and dollar cost averaging, but it excludes and option to actually withdraw any funds from Hashflare, just reinvest, reinvest, reinvest – we believe we should take out some money sometimes as well, and that’s why we decided to reinvest just 50% of monthly profits in purchasing additional hashrate and withdrawing other 50%.
As of today, minimum withdraw on Hashflare cloud mining is 0.05 BTC (I believe in normal circumstances it’s 0.01 BTC)
Depending on what will be the withdrawal limits at the end of 2018 (a time when our yearly contracts will start to expire) – directing about 50% of profits to withdrawals seems a good option. As the matter of fact, if withdrawal limits are kept at 0.05 BTC at the end of 2018, it might be even impossible for me to withdraw at current rates and without reinvestment.
It should be noted that earnings on Hashflare are made in BTC, so the full value of earnings in USD depends on BTC/USD exchange rates. If BTC goes up in value, so do your earnings in USD, if it goes down, so do earnings in USD. Also, it should be mentioned that hashflare requires $0.0035/daily maintenance fee for every 10GH/s – which is about $0.08 daily.
What Are The Benefits of Hashflare Cloud Mining Vs Setting Up Your Own Mining?
Hashflare turns cryptocurrency mining available to everyone. There is no need to buy expensive and complex mining equipment, Hashflare cloud mining wants to make mining accessible for all users around the globe no matter of age or background. The clients only need to select a desired hashpower and begin generating revenue right away with the Hashflare cloud mining service.
Earnings with cloud mining becomes more predictable with Hashflare cloud mining than it used to be during traditional bitcoin hardware mining. The hashrates starts from as little as 10GH/s, so new members does not need to invest a lot of funds to join the cloud mining business.
Hashflare partnering with HashCoins ensures continuously creating new mining hardware that is up to date with the newest blockchain technology. The innovations are financed from the company’s share capital, but they also have special investors who provide additional funding to the startup.
Review Verdict: Hashflare is a legitimate service that works
Consumer Fraud Alert Regarding Hashflare
The success of Hashflare has given rise to many frauds who try to sell their own fake services in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are joining and should do some research before they join from any website. To spot these, watch out and avoid sites that claim to write about Hashflare, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid joining from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only join from the site from the official website here – http://HashflareOfficial.com/ (link opens in a new window). The official website that they have includes the legitimate service.
Conclusion about Hashflare
Hashflare has a strong hardware background with the cloudminers supplied by HashCoin. They offer cloud mining for five different cryptocurrencies. The contracts last as long as the mining activity – after the maintenance fees charged – is profitable for both bitcoin and litecoin. Hashflare is a good cloud mining choice for those who want to try crypotcurrency mining but does not want to invest too much money upfront as their minimum plan is starting from $1.20. Due to their fee structure however cloud mining on a big scale at Hashflare could become very expensive, so you have to devise a plan on how you’re going to profit if you decide to do this on a large scale.